Eventide High Dividend ETF (NYSEARCA:ELCV) Short Interest Update

Eventide High Dividend ETF (NYSEARCA:ELCV) was the recipient of a large decrease in short interest in the month of December. As of December 31st, there was short interest totaling 10,774 shares, a decrease of 31.0% from the December 15th total of 15,625 shares. Based on an average daily volume of 26,888 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are sold short. Currently, 0.2% of the shares of the company are sold short. Based on an average daily volume of 26,888 shares, the days-to-cover ratio is presently 0.4 days.

Eventide High Dividend ETF Stock Up 0.4%

Shares of ELCV stock traded up $0.11 during trading hours on Monday, reaching $27.84. 32,821 shares of the company’s stock were exchanged, compared to its average volume of 44,484. Eventide High Dividend ETF has a fifty-two week low of $21.68 and a fifty-two week high of $27.85. The business has a fifty day moving average price of $26.85 and a 200-day moving average price of $26.49. The stock has a market capitalization of $158.69 million, a P/E ratio of 22.31 and a beta of 1.11.

Eventide High Dividend ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 30th. Shareholders of record on Monday, December 29th were given a $0.1839 dividend. The ex-dividend date was Monday, December 29th. This represents a $0.74 dividend on an annualized basis and a dividend yield of 2.6%. This is an increase from Eventide High Dividend ETF’s previous quarterly dividend of $0.12.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ELCV. Creative Financial Designs Inc. ADV boosted its position in shares of Eventide High Dividend ETF by 3,276.1% during the 2nd quarter. Creative Financial Designs Inc. ADV now owns 510,605 shares of the company’s stock valued at $12,971,000 after acquiring an additional 495,481 shares in the last quarter. AIFG Consultants Ltd. bought a new position in Eventide High Dividend ETF during the second quarter worth about $750,000. Betterment LLC acquired a new stake in Eventide High Dividend ETF during the third quarter valued at approximately $303,000. 49 Wealth Management LLC grew its stake in shares of Eventide High Dividend ETF by 43.7% in the 3rd quarter. 49 Wealth Management LLC now owns 39,885 shares of the company’s stock valued at $1,067,000 after purchasing an additional 12,123 shares during the period. Finally, Bare Financial Services Inc bought a new stake in shares of Eventide High Dividend ETF in the 3rd quarter valued at approximately $9,224,000.

About Eventide High Dividend ETF

The Eventide High Dividend ETF (ELCV) is an exchange-traded fund that mostly invests in high dividend yield equity. The fund is an actively managed portfolio of dividend-paying US stocks, selected through fundamental research and values-based principles. The fund seeks income, income growth, and long-term capital appreciation. ELCV was launched on Sep 30, 2024 and is issued by Eventide.